Regulation: CySEC, FSC, NFA
Min. Deposit: 200 US$
HQ: Switzerland, Cyprus
Platforms: MT4, MT5, BDSwiss Webtrader
Found in: 2012
Regulation: CySEC, FSC, NFA
Min. Deposit: 200 US$
HQ: Switzerland, Cyprus
Platforms: MT4, MT5, BDSwiss Webtrader
Found in: 2012
BDSwiss is an international brokerage firm established in 2012 in Zurich, which fastly approached Markets and became one of the largest trading groups. The current clients’ base of BDSwiss counting more than a million clients from over 125 countries, as well as serving exclusive Member club that has more than 1 million traders.
Since the approach of the company establishment comes from Switzerland, its strong basis confirmed by the great environment company built. And ever since providing online trading services as a worldwide operating group with its headquarters in Switzerland and established offices including the US, Cyprus, Mauritius and Seychelles.
|Strong establishment with regulated headquarter in Switzerland||Support not available 24/7|
|Worldwide coverage through entities in the US and Cyprus|
|Forex and CFD instruments|
|Ultimate trading technology|
|Choice between MT4, MT5 and Proprietary platform|
|Wealth management opportunity|
|Fast account opening|
|Quality customer support|
|Headquarters||Switzerland and offices in Europe, US and more|
|Regulation and License||FINMA, ESMA, CySEC, FSC, NFA|
|Platforms||MT4, MT5 and proprietary BDSwiss WebTrader|
|Instruments||Stocks, Commodities, Forex, Metals, Indices, Cryptocurrencies|
|Costs||Spreads are quite low with accounts on spread only or commission charges|
|Minimum deposit||100$ for Classic Account|
|Base currencies||Euro (€), US Dollar ($) and the British Pound (£)|
|Education||Learning Academy with Forex Courses and deep Research Tools|
BDSwiss has earned not only great reviews from world trading community but also numerous industry awards for its successful operation and trading technology they heavily invest in. BDSwiss was rewarded and recognized for its excellent service and trading technology confirming its sustainable trading conditions and also very much recognizing its Trading App along with Trade Execution. Yet, more of the detail you will see further in our BDSwiss Review so that you’re able to verify so.
BDSwiss is a trading name of the BDSwiss Holdings PLC, a company incorporated under the laws of Cyprus which also holds a Cyprus Securities and Exchange Commission license to provide its legal financial and trading services. As a state member of the EU, the Cyprus regulation fully complies regarding the provision of investment services with the European MiFID and MiFID II Directives designed to deliver a safe trading environment and control the operation of markets itself.
Also, BDSwiss being a holding serves entities in Switzerland, Germany, the US and other offices where is all authorized to deliver trading opportunity.
Pros Cons Regulated international broker Not listed on Stock Exchange Cross border licenses and global coverage Runs offshore entities in Mauritius and Seychelles Negative Balance Protection applied
Thus, the BDSwiss company is eligible to provide services within the EEA zone and is a regulated broker, while the local authorities registered the company in their records of accomplishment or in simple allowing to conduct offerings legally due to broker’s records.
Another BDSwiss operation offices located in attractive offshore zones Mauritius and Seychelles, which is registered by the Mauritius Financial Services Commission (FSC) and all in all enhance the broker’s possibility to offer its service to various residents globally. Even though the offshore registration does not give serious and safe compliance to the trading standards and operation, since BDSwiss in parallel is regulated by the European respected authority overall it is considered to be a safe broker.
However, as we always recommend check on the regulation carefully and never sign in with an only offshore registered broker (read more why avoid trading with offshore brokers).
According to the regulation, the security of funds along with the client protection delivered in multiple ways that ensure a safe trading environment and investors’ legal compliance. It is a fact that you are always protected as long as the broker is regulated by the regulations. Moreover, the BDSwiss registered with U.S. authority NFA as a member and an introducing company – BDSwiss LLC – authorized by NFA (U.S.) registration no. 0486419.
Leverage, known as a loan given by the broker to the trader enables you to trade through the multiplied volume that may raise your potential gains, yet in reverse increases high risks too. So firstly you should learn how to use tools smartly, also various regulatory standards and restrictions set a particular allowed level of leverage that is considered to be safe.
However, the opinions of authorities about “safe levels” are different, so make sure to verify under which regulation you will fall so that the level is defined correctly as well.
For the most accurate data check on the official BDSwiss platform and verify its allowance with your residual status, also make sure to check each instrument separately as it varies according to the asset as well.
When opening your trading account there is an option to choose the desired base currency through the selection between the Euro (€), US Dollar ($) and the British Pound (£), which is definitely great as it means you will not be charged for currency conversion.
Pros Cons Fast account opening None Three Account types offered Selection between three base currencies Investment option though Wealth Management Demo Account and Live Account Daily Analysis and Exclusive Webinars for VIP clients
BDSwiss currently offers three main account types which are Classic, Vip and Raw, created to cater to the needs of different Forex traders through lower costs according to trading sizes and advanced services once size increase. While Classic and Vip account are based on spread only model, Raw account features interbank spreads and commission charge per lot.
BDSwiss also does offer a Forex or CFD “Demo Account”, that is free of capital risk environment allowing either to learn or practice strategies, check the trading conditions before the live account is active, which is very necessary for your better understanding.
In addition, every BDSwiss client is managed according to strict regulation broker adheres, while the account balance can’t fall below zero due to the applied negative balance protection.
For trading fees for each underlying asset you will be charged for we will find the usually applicable spread, while the rollover for short and long positions is also additional charge if you hold positions overnight, as well as the margin requirement.
|Average trading fees||Administration fee for non-use account|
|Spread only or Raw Spread plus commission account offered|
|0$ Withdrawal fee|
The applicable spreads and commissions charged when conducting trade and vary according to the account type you select. While the Classic and VIP account fees are all included in the spread, if you are a trader of bigger size and the one prefer commission basis Raw Account is your choice then. The Raw account offers an interbank spread and commission paid per transaction opening which is 5$.
To get a closer look, check below the comparison on most popular assets applicable to the BDSwiss Classic Account type, while the broker himself mentions that Classis spread are starting from 1.5 pips and VIP feature lower conditions with a spread from 1.1 pip. Also, you may compare BDSwiss fees to its peer XM Trading and other popular brokers listed below.
|Asset/ Pair||BDSwiss Fees||AvaTrade Fees||Plus500 Fees|
|EUR USD||1.5 pips||1.3 pips||0.6 pips|
|Crude Oil WTI||6||3||2|
BDSwiss provides access to seamless trading through the great range of 250+ underlying assets, while you may choose from leading Shares, Indices, Forex, Commodities and Cryptocurrencies based on CFDs.
Therefore, with access to most liquid and popular markets you may choose the desired and most understanding instrument according to your trading need and use BDSwiss user-friendly portal to benefit from trading.
BDSwiss works with a variety of payment service providers that ensure your possibility to cover a wide range of deposit methods in a particular country.
The methods including a wide range of payment options yet may vary according to the country regulations and your residence so always good to verify this information with the support center as well.
|Fast digital deposits, including Credit Card, Debit Card, Electronic Wallet||None|
|No deposit fee|
|Withdrawals free of charge|
Normally the minimum deposit required for you to start live trading is 100$, which is an attractive opportunity to many traders as a start with a Classic account. The pleasant moment is that BDSwiss does not charge any fees on credit card/electronic wallet deposits as well, yet may vary from rules to another.
BDSwiss arranges withdrawal quite democratically too, while the minimum withdrawal amount is $100, while in most cases the withdrawals processed free of charge. Yet in case you would like to withdraw less than the mentioned amount the broker may add on a fixed processing fee of 10$.
As the broker mentions it always aiming to give withdrawal service within 24 hours, yet this is applicable towards working business days, as on weekends or holidays it may take longer to proceed. As well, always give additional days for your payment to proceed with the transaction once it is already confirmed and done by BDSwiss.
You should login to your Client Portal and submit a withdrawal request by following of the required procedure.
The software solution offered by the BDSwiss mainstays at the popular choice of MetaTrader4 platform, that provides a comprehensive trading feature and vast of solutions. It is not actually a surprise, as MT4 is a known industry intuitive platform that allows trading anywhere and anytime with advanced charting tools, indicators to manage the risks with a better possibility to determine price direction.
|Proprietary Web trading platform||None|
|User friendly design and login|
|MT4 and MT5 offered as well|
|Supporting many languages|
Proprietary BDSwiss WebTrader is fully based online, so you don’t need any downloads or installation and may access trading right from your browser. The platform has a clean view and quite comprehensive and powerful analysis features including technical analysis and risk management tools. So even by the use of WebTrader you can make full out of trading.
Of course, BDSwiss developed its Mobile App as well, which actually is highly rewarded by traders and publications as well. All the most important features are available there, so being on the go you still may perform analysis, check on the open positions, manage them and access your account management.
|Proprietary Mobile App||No Face login|
|Customer friendly and easy to use|
|Price alerts with notifications|
The available versions of both MetaTrader4 and MetaTrader5 suited to various devices and including PC, Mac, Applications or Web platform that requires no installations. SO yet you can download the desktop version for those platforms and use its full capability, which is more required by active or professional traders.
There is no questions why so many traders choosing MT4, as the platform is simply good with its charting capabilities, a range of tool and what is more pleasant a vast of add-ons that are available on the market and making the trading process a pleasant one.
MT5 being a newer version also gained great popularity and features even more developed tools and comprehensive analysis options, loved either by beginners or professionals. Moreover, there are plenty of strategies to choose from, that are useful for every trader, novice or experienced one either with manual trading or automated trading through EAs.
The available versions suited to various devices and including PC, Mac, Applications or Web platform that requires no installations. There are no questions why so many traders choosing MT4, as the platform is simply good with its charting capabilities, a range of tools and what is more pleasant a vast of add-ons that are available on the market and making the trading process a pleasant one. Moreover, there are plenty of strategies to choose from, that are useful for every trader, novice or experienced one.
One of the other great points we should admit is Customer Support. BDSwiss multilingual support is available with service the trader requires daily which is also on a very sustainable and professional level. Even though you can Live Chat, Phone or Email them within working hours 24/5 we still remain happy with its quality level.
|Quality customer support with live chat||Support not available 24/7|
By maintaining optimum support and assistance, refined products and full transparency the BDSwiss also educates its clients through its Academy. Educational resources covering useful information on how to operate in markets, develop own trading strategy with accredited courses and webinars.
Together with comprehensive education materials provided by Forex Courses, defined by the level of expertise, Webinars and Seminars. You will also access useful information with market alerts, trading information and analysis through its established BDSWiss Blog, which is definitely good and necessary for any trader especially beginners.
|Education Courses for Beginners, Intermediate and Advanced traders||None|
|Seminars and webinars also available in record|
|Free Demo account|
Also, BDSwiss offers great research tools and supporting traders with unique materials making you a better trader. Besides general and popular tools alike Economic Calendars, good quality market Analysis provided by BDSwiss Analyst team, there is also access to Authochartist and Trading Alerts available to all clients.
However, the level of depth in research tool is depending on the client portfolio or account types, alike VIP and Raw account holders will benefit from deeper research materials including Exclusive Webinars, Performance Stats, VIP Trading Alerts and more.
|Deep research tools||Comprehensive Research available for VIP and Raw account holders only|
|Economic Calendar, Market Analysis|
|Autochartist and Price Alerts|
|Performance Statistics and Fee Reports|
|Daily Analysis and Exclusive Webinars for VIP clients|
An overall BDSwiss review shows a company, which managed to increase client portfolio to over a million customers through and thanks to its stable trading conditions and a global proposal that is suited to worldwide clients. The broker relies on Swiss expertise in finance and provides an opportunity to engage in trading to almost any resident, due to their regulation by the EU authority and other additional registrations.
The trading costs and account types are among the average in BDSwiss offering, along with the range of tools that bringing powerful portfolio feature and a possibility to trade popular Cryptocurrencies. SO yes you can trade Cryptocurrencies based on CFDs also with quite good costs.
In addition, the company runs an active blog and community of traders, which allows sharing the experience to get better knowledge about the markets and trading itself. So the conclusion comes to the point of a quality BDSwiss offering that may suit either beginning trader or even the seasoned professional.
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